TGA thorn group limited

H1 results due 19 Nov, page-6

  1. 3,801 Posts.
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    I'd imagine the best way to see this is in their loan book & use an 'expected' retail margin (e.g. Smartphones have very little margin, so these asset purchases would basically only increase the size of the book). If the loan book decreases, then future cash flows from these loans will decrease.

    However, to get this information from a cash flow statement would be difficult. From memory, there are different retailing/financing margins, so unless you knew the breakdown of the assets purchased and the expected retail/finance margin on each, you wouldn't know with precision what the future cash flows would be.

    This is my longest holding to date and I need to revisit it, so my comments above could be way off.
 
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